Posts tagged as: Hong Kong

Hong Kong doesn’t need weighted voting rights

29th June 2015

At long last, the operator of Hong Kong’s stock exchange has published conclusions to its concept paper on weighted voting rights (WVRs). Almost as soon as it did, Hong Kong’s other regulator expressed its opposition to the idea. But WVRs were always a worrying development. More urgent reforms are needed for the exchange to compare favourably with New York or London.

When a domestic rally meets an offshore discount…

1st April 2015

Just as China’s domestic markets have finally started to open up through the Shanghai-Hong Kong Stock Connect scheme, heavily discounted H-share IPOs threaten to put a damper on the attractiveness of A-shares to international investors.

All quiet on the Eastern front

3rd March 2015

There seems to be no end in sight for the Asian ECM bout of depression. Above all, it’s been a pretty miserable year so far for IPOs, in sharp contrast to new listings activity in other parts of the world.

Asian IPOs go binary

11th January 2015

2014 has come and gone, with a fairly honourable tally for Asia’s busy ECM desks. According to Dealogic, last year’s ECM volume on Asia ex-Japan exchanges, and excluding China’s A-share markets, was just under US$135 billion, more than in each of 2013 and 2012.

CGN Power IPO trading debut

10th December 2014

I was back in CNBC’s HK studio this morning to comment on the nuclear energy provider’s listing on HKEx.

Reuters TV interview on the Dalian Wanda IPO

9th December 2014

I was interviewed by Reuters TV anchor Pamela Ambler this morning, on the Chinese property developer’s proposed listing in the City, potentially the largest on HKEx this year after that of CGN Power, which starts trading tomorrow.

The reason for the season: ECM Christmas musings

3rd December 2014

Forget about reindeer with shiny noses, fir trees and shopping mall carols. For those in the finance industry, the end of the year takes an altogether different meaning.

Less Through Train, more Slow Train

7th November 2014

Surprise – surprise. The launch of the Shanghai-Hong Kong Stock Connect scheme, which had been in the works for months, has recently been delayed. The Through Train has been derailed.

 

 

I have set up this blog to report notable events on international IPOs.

These include particularly remarkable transactions, changes in market practice (whether pertaining to documentation, valuation or marketing techniques) and regulations, as well as appointments in the sphere of equity capital markets (ECM).

Although the blog has a bias towards the Asia-Pacific region, since this is where I am based, it is intended to be global in both its scope and outlook.

Please use the contact form above to report an IPO story or an ECM development.

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